Avestar Capital LLC Invests $205,000 in Exelon Co. (NASDAQ:EXC)

Avestar Capital LLC bought a new position in Exelon Co. (NASDAQ:EXC) during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 5,067 shares of the company’s stock, valued at approximately $205,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Versant Capital Management Inc lifted its stake in Exelon by 646.2% in the second quarter. Versant Capital Management Inc now owns 776 shares of the company’s stock valued at $27,000 after purchasing an additional 672 shares during the last quarter. J.Safra Asset Management Corp purchased a new position in Exelon in the second quarter valued at approximately $28,000. American National Bank & Trust lifted its stake in Exelon by 178.8% in the third quarter. American National Bank & Trust now owns 697 shares of the company’s stock valued at $28,000 after purchasing an additional 447 shares during the last quarter. Abound Wealth Management lifted its stake in Exelon by 502.7% in the second quarter. Abound Wealth Management now owns 892 shares of the company’s stock valued at $31,000 after purchasing an additional 744 shares during the last quarter. Finally, Ashton Thomas Securities LLC purchased a new position in Exelon in the third quarter valued at approximately $32,000. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Analyst Ratings Changes

EXC has been the topic of a number of analyst reports. UBS Group boosted their target price on shares of Exelon from $40.00 to $43.00 and gave the company a “neutral” rating in a report on Friday, September 20th. Jefferies Financial Group initiated coverage on shares of Exelon in a report on Thursday, September 19th. They set a “buy” rating and a $46.00 target price on the stock. Barclays boosted their target price on shares of Exelon from $41.00 to $44.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Scotiabank boosted their target price on shares of Exelon from $37.00 to $40.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. Finally, Morgan Stanley lowered their target price on shares of Exelon from $46.00 to $44.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. Eleven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Exelon presently has a consensus rating of “Hold” and a consensus target price of $41.25.

Exelon Stock Up 0.1 %

EXC opened at $39.51 on Friday. The stock has a market cap of $39.70 billion, a PE ratio of 16.26, a P/E/G ratio of 2.79 and a beta of 0.54. The company has a quick ratio of 0.97, a current ratio of 1.09 and a debt-to-equity ratio of 1.66. Exelon Co. has a 52 week low of $33.35 and a 52 week high of $41.42. The business’s fifty day simple moving average is $39.60 and its 200 day simple moving average is $37.88.

Exelon (NASDAQ:EXC) last released its earnings results on Wednesday, October 30th. The company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. The business had revenue of $6.15 billion for the quarter, compared to analysts’ expectations of $5.85 billion. Exelon had a return on equity of 9.47% and a net margin of 10.60%. The firm’s revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.67 earnings per share. As a group, research analysts expect that Exelon Co. will post 2.45 earnings per share for the current fiscal year.

Exelon Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, November 11th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.52 dividend on an annualized basis and a yield of 3.85%. Exelon’s dividend payout ratio is presently 62.55%.

About Exelon

Exelon Corporation, a utility services holding company, engages in the energy distribution and transmission businesses in the United States and Canada. The company is involved in the purchase and regulated retail sale of electricity and natural gas, transmission and distribution of electricity, and distribution of natural gas to retail customers.